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20121225
20121225
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Search Results 0 to 17 of about 18 (some duplicates have been removed)
cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change, during the first week of june, a record 28 escalators were out of service. >>> firefighters in
a deal to avoid the fiscal cliff. he rejected house speaker john boehner's plan "b" on thursday and will not support him let's on -- limits on government borrowing. the president said any deal must include raising taxes on the wealthiest americans. >> we will go over the cliff now because it is what the president wants. >> we will prey vend a tax hike. >> without a deal spending cuts and budget cuts will take affect and it could lead to another jump in unemployment. >>> they will be spending christmas in the hospital. in south africa, nelson mandela has been in the hospital since the beginning of the month. they have no plans to release him any time soon. he was originally taken to the hospital for gaul stones. >>> and for george hw bush, he might be able to go home for christmas but then they changed their mind. former former president bush bush has been receiving therapy and they say he will make a full recovery. >>> let's go to ktvu channel 2 morning news' janine de la vega, she is live at the scene and will give us details, jeanine? >>> we are right at the los gatos border a
for the jefes. >> glor: john blackstone, thank rou. john mentioned the fiscal cliff. tinight we've learned democrats emocraw moving ahead on their hei plan to avoid it now that talks have broken down with john boehner. white house and congressional leaders have until january 1 to lork out a budget deal. resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you men
support in the senate and the house to avoid the fiscal cliff. we are one week away from it, as you mentioned, and republicans are not even part of the discussions, both in the senate and in the house, and at this point they are certainly maybe having a working christmas. senate democrats and republicans, but i think it's interesting just to kind of recap what's going on here. before president obama and house speaker john boehner were working on a much bigger package obviously, not just to avoid the fiscal cliff but to try and tackle the long-term fiscal health of the country, trying to overall it was expected to raise some taxes, try to deal with entitlement reform and tax reform, those other big things like entitlement reform and tax reform get kicked into the new year, dana, so it's the gift that keeps on giving on this cli clifftmas. >> taking this pretty far. one of the key questions is whether or not senate democratic leader harry reid will be able to get enough republicans in the senate to vote on anything that will keep taxes low and maybe cut some spending. is the white hou
that are in our control and we have to worry about our fiscal houses and less about the fiscal cliff. >> and those are simple things to do but they take time. but it's good advice. >>> okay, we hear a lot about the amt and how congress may put a patch on that. can you explain it in a simple way so everyone can understand? >> back in '69 they came out with something called "minimum tax." and in '82, the alternative minimum tax and this was a way to make sure the ch wealthy pay their fair share. this is how to level the playing field a little bit. this simply says now it's around $74,500. if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation
decide he wins either way. he passed it in the house or he will blame going over the fiscal cliff on the republicans if they resist. completely in the driver's seat and he will l decide what is on the table at december 31 at 11:00 at night. >> let's look at the national debt clock. we surpassed the $16 trillion mark. $16.4 trillion. interest on the debt is huge. thereon what bayh boy said recently. >> servicing the debt hard now. this is interest rates at record lows. god forbid something should happen to cause interest rates go up a littlement we have seen nothing yet. interest rates eventually will go up. >> doug: in the negotiations we are ignoring the long-term implications of this. >> people are aware of it. >> part of is it the future generations. the damage that it could do if the interest rate goes up in short-term to the economic interest. the market did not retake alarm we're going over the fiscal cliff. in days to come and the prospects for after the cliff is that the market would say this is alarming that washington can't get the act together. we have to deal with the
on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back and the president is going to work if hawaii to try and get -- from hawaii to try and get everybody to work together but at this point it seems like the deadline is just looming. >> we've been talking about this for a good month plus now. is it too late? they have so little time. can they get something together and actually save this before -- before new year's? >> reporter: well, frank as you've seen, in washington the 11th hour deal comes out all the time. in past years senator mitch mcconnell stepped in and been able to negotiate a compromise. this time through twitter he's telling folks that he is not going to step in. he says that the president needs the lead. now our sources saying that senate majority leader harry reid is working on his own plan. it's a smaller package that he's working on. that package would avoid middle class tax hikes that would happen if this fiscal cliff deadline comes. his package al
in honolulu with friends. with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. i
on wednesday in hopes of coming up with an agreement for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential
panic. you run off the fiscal cliff unless you are insane and do what told. you are a bad person asking why is there a face call cliff. will america will be different on january 2nd if we hold our bleat and see what happens? second. you then go to distractions. the current distractions is grover norquist. i have known grover norquist for a long time. i think he's a fine person. he hold know elective office. and in fact, he wasn't elected president. he is the president of united states who is responsibility for figuring how to solve our problems who is not offered a single serious cost consulting measure. tell me what you think barack obama is going to go to the house and senate democrats and say i need a yes vote on this. instead of dealing with the fact that the president of the united states is once again totally failing to provide leadership, the president has gotten us worried about whether grover norquist defines the republican party. as we know, if we are not worthy of the news media's respect and love we are a party that disappear. listen to the tone of the language when you watc
a lot of cheer out of washington with the pending fiscal cliff and the threat of $7.5 billion in cuts. >> most of the cuts would be in health care, welfare programs for the poor, housing. >> across the bay alameda could bety supervisor predicted. >> our wic program which is a program for mothers to get nutrition for their newborn babies, that would experience a large cut. >> education would also take a hit. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts as much as 10 10%. also, the meals program. >> it is not just the immediate cuts that worries the local officials. it is also the on going uncertainty that comes from the stalemate in washington, a stalemate that bay area officials fear could affect the economy just when it is starting to recover. >> we are looking guard to a better economy. this would ruin all the progress that has been made. >> it is a signal that we can't get together. that is probably the worst decisions in the future. >> the fear is the uncertainty will go on, even if there i
old. kelly: we are now just seven days away from going over that so-called fiscal cliff and when automatic tax hikes and spending cuts kick in. there are several different ways this drama could play out on capitol hill to the white house. from no deal at all to a big agreement just in time, just in the nick of time i should say but those are not the only scenarios out there. brad blakeman, former deputy assistant to president george w. bush. stephanie max he willwell, democratic strategist and columnist. they join us to shed light on this. what are we going to do about the fiscal cliff when it is looming so -- if they do something about it and get back to congress this week as they're supposed to do. do they have enough time to get it done? >> i don't know if they have enough time to get it done, if republicans in the house are not willing to make any substantive concessions. and that means that they need to listen to what american voters said in november and raise the tax rates on the top 2%. that is what everybody voted for and that's what we want. and so i think that republica
services is. >> that fiscal cliff will hurt the city to the tune of almost $80 million right away. >> reporter: most of the cuts would be in health care, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay alameda county supervisor predicted -- >> our health clinics will get hut. our w. i. c. program which is a program for mothers they get nutrition for their newborn babies and we have several sites in alameda county that would also experience a large cut. >> reporter: education would also take a hit. >> this would undo a lot of the good a lot of californians are willing to invest in the schools. perhaps as much as 10% for the special needs students and the meals program that so many of the students in georgia are growing up -- california are growing up in poverty and they need that meal. >> reporter: it's not just the immediate cuts that worries the local officials, it's also the ongoing uncertainty that comes from the stalemate in washington. a stalemate that bay area officials fear could affect the economy just when it's starting to recover.
about one of those issues at the margins of the conversation on the fiscal cliff, do we get rid of the mortgage deduction. lots of pros and cons. people sang that will cost 15% of housing prices. what do you think the impact will be?? >> do not think it will have that effect.t we havbad news in the housingag market is people pause for a absorb it and they move on. what we have going on is so much pushing, upward momentum on the housing market that i can't eveg fathom that affecting housing prices. hardly at all, quite honestly. gerri: do you think first-time buyers in particular rely on that deduction?ki the they think about that making the decisions to buy. waimight discourage people who otherwise might get into the market?sae >> for some people it makes them use a bit.y remember, they're being tempted back in by cheap prices, really cheap money and thoserip are gt moment his swings that push people back in. gerri: i think this is a great time to be back in thee market.e in some places have you missed it? >> if you really want to be a sharpshooter, buy at the low, e yet missed
as negotiations continue over the so-called fiscal cliff. debate is possible once it is announced. >> i like a variety of the programs on c-span, the debates, i like to touch them when they are available. i do watch the political call in programs as well you get the various positions from republicans, independents, democrats. i think it is fair and impartial. it is the full spectrum of the political scene. i like the coverage. >> dennis watches c-span on comcast. c-span, creed by america's cable companies in 1979, brought to the public service by television provider. >> five-time grammy-award winner james taylor spoke of the national press club about the reelection of president obama, the wars in iraq and the so- called fiscal cliff. this is one hour and 10 minutes. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> welcome to the national press club. my name is theresa werner, the president of the national press club. we are the leading professional organization for journalists to programming and events such as these. while fo
the so-called fiscal cliff. >> now a conversation on hollywood's portrayal of politics and policy making in movies and tv shows. among those we'll hear from the crete or the of the show "homeland." this is an hour 20 minutes. >> good evening again. welcome back to the forum. i'm not the one you'll be applauding for. you know we have public events, public forums in our headquarters campus about once a month. and we've had former presidents and foreign ministers and ambassadors and please chiefs. we have never, to my knowledge, had anybody who has ever created, let alone starred in movies or tv series until tonight. and we have michael lynn on the to thank for that. mike sl co-chair politics aside 2012 just like 2010 and he of course is a ran strust tee so we're delighted to have him. he'll moderate tonight. and with him and i'll ask the panel to come forward. howard gor dan and michael sheen. >> figs of all, thank you for being here this evening and thank you for being here on a friday night. i don't do this for a live sog you're going to have to fill in in the middle. let's start off she
. not with the pending fiscal cliff and the threat of the $7.5 billion cut in nonentitled services. >> that fiscal cliff will hurt the city to the tune of almost $100 million right away. >> reporter: most of the cuts could be in health care, welfare programs for the poor, aids programs and housing. >> that's just an immediate hit. >> reporter: across the bay, alameda county supervisor predicted -- >> this is going to shred the safety net even more. the health clinics that serve the uninsured and under insured will get cut. our wic programs for mothers and we have severals sites that would also have a large cut. >> reporter: education would also take a hit. >> this would undo a lot of the good particularly special needs students would have the programs cut perhaps as much as 10% and the meals programs that so many of the students in california are growing up in poverty. a quarter of the students growing up in poverty and they need that meal. >> reporter: not just the immediate cuts, it's also the ongoing uncertainty that comes from the stalemate in washington. a stalemate that bay area officials fear cou
Search Results 0 to 17 of about 18 (some duplicates have been removed)